Special Report: Buybacks enrich the bosses even when business sags
NEW YORK(Reuters) – When health insurer Humana Inc reported worse-than-expected quarterly earnings in late 2014 – including a 21 percent drop in net income – it softened the blow by immediately telling investors it would make a $500 million share repurchase.
Morgan Stanley in $225 million deal with U.S. regulator over mortgage bonds
NEW YORK (Reuters) – Morgan Stanley has agreed to pay $225 million to settle claims that it sold toxic mortgage-backed securities to credit unions that later failed, the National Credit Union Administration said on Thursday.
Renault-Nissan edging toward compromise with France: sources
PARIS (Reuters) – Eleventh-hour talks to resolve a power struggle over French government influence at Renault are making headway, sources said, ahead of a Friday deadline set by the carmaker and Japanese alliance partner Nissan .
Boeing books $1.1 billion in orders, races to hit sales target
NEW YORK (Reuters) – Boeing Co booked 11 new jetliner orders worth about $1.1 billion at list prices on Thursday, leaving it with about 180 more sales to land this month to meet its 2015 target.
VW says only small group to blame for emissions scandal
WOLFSBURG, Germany (Reuters) – Volkswagen said on Thursday only a small group of employees was responsible for cheating U.S. diesel emissions tests and there was no indication board members were involved in the biggest business crisis in the carmaker’s…
Southwest Airlines saw ‘unusual’ discounting by rivals in November: CEO
NEW YORK (Reuters) – Southwest Airlines Co saw a lot of “unusual” discounting by larger U.S. rivals after bookings were lower than expected for last-minute travel around Thanksgiving, Chief Executive Gary Kelly told reporters in New York Thursday.
Twitter targets ads at logged-out users
(Reuters) – Twitter Inc said it was testing a feature to show advertising to people who checked Twitter without logging in, to cash in on an additional half a billion people each month.
U.S. jobless claims at five-month high; import prices fall
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose to a five-month high last week, but this likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditi…
Business software maker Atlassian’s shares soar in market debut
(Reuters) – Shares of Australian business software maker Atlassian Corp Plc soared as much as 33.3 percent in their market debut on Thursday, valuing the company at about $5.85 billion in one of the most highly valued initial public offerings of the ye…
U.S. fines Fiat Chrysler $70 million over safety reporting lapses
WASHINGTON (Reuters) – The U.S. Department of Transportation said on Thursday it fined Fiat Chrysler Automobiles NV $70 million for failing to report vehicle crash deaths and injuries since 2003.
